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In line with the thrust of the Bangko Sentral ng Pilipinas (BSP) to promote a policy environment that is market-oriented and supportive of the Philippine economy’s sustained expansion, the BSP, through the International Operations Department (IOD), ensures that the country’s foreign exchange (FX) regulatory framework remains appropriate for the needs of a dynamic and expanding economy.

The BSP has undertaken various liberalization measures to ease FX rules to facilitate the FX transactions by banks, public and private corporates/entities, small and medium enterprises, overseas Filipinos, and the public in general.

The liberalization is being undertaken in a well-calibrated manner, giving due consideration to prevailing domestic and international economic and financial conditions, while ensuring that timely prudential mechanisms (e.g., documentary/reportorial requirements) and safeguard measures remain in place to allow the BSP to:

  1. adopt necessary measures to address any perceived emerging concern/problem; and
  2. maintain its ability to capture timely, reliable and comprehensive data for its various needs, such as policy review and formulation, analysis of trends and developments (e.g., volatility in capital flows), statistics and report generation.

FOREIGN EXCHANGE REGULATIONS


ANNOUNCEMENTS

BSP Issues Operational Relief Measures for Foreign Exchange Transactions
27 Mar 20

Submission of Required Reports and Supporting Documents to the Bangko Sentral ng Pilipinas through the International Operations Department (BSP-IOD)
26 Mar 20

BSP Holds Info Campaign on FX Regulations
04 Oct 19

BSP Further Liberalizes Rules on Foreign Exchange (FX) Transactions
10 Jan 19

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DID YOU KNOW...?

FAQs on BSP's Operational Relief Measures for Foreign Exchange Transactions during Quarantine
04.23.2020

Operational relief measures for foreign exchange (FX) transactions under the Manual of Foreign Exchange Transactions (FX Manual), as amended
03.27.2020

Inquiries/Requests and Reports to the International Operations Department (IOD) Under the Work from Home Arrangement
03.27.2020

Submission of Required Reports and Supporting Documents to the Bangko Sentral ng Pilipinas through the International Operations Department (BSP-IOD)
03.26.2020

FDI Grace Period
02.17.2020

Reforms on the use of foreign exchange (fx) for foreign investments

What is the Currency Exchange Facility (CEF)?

Are you a non-resident investor in the Philippines?

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